Latin America
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2020." According to the report, the drilling fluids market in
Latin America was valued at USD 608.7 million in 2013 and is
anticipate to reach USD 1,161.1 million by 2019, expanding at a CAGR
of 9.63% from 2014 to 2020.
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Latin America Drilling Fluids Market Report at
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The drilling fluids
market in Latin America has been analyzed based on product segments,
namely water-based fluids (WBFs), oil-based fluids (OBFs) and
synthetic-based fluids (SBFs). In terms of revenue, WBFs segment
dominated the overall market, accounting for more than 58% of the
drilling fluids market share in Latin America in 2013. WBFs segment
is estimated to be one of the rapidly growing segments during the
forecast period due to its eco-friendly nature and cheap price
compared to other drilling fluids. WBFs require minimal treatment
before discharge; hence, these are used widely as compared to oil and
synthetic drilling fluids. In offshore regions, WBFs are dumped into
the seawater after attaining a permissible toxic content level as
determined by the environmental regulatory bodies. Key technology
segments analyzed in this study include dispersed systems and
non-dispersed systems. These are classified as sub-segments of
water-based fluids. In terms of revenue, dispersed systems dominated
the market, occupying more than 60% of the market share in 2013.
In terms of revenue,
Brazil dominated the drilling fluids market in Latin America,
accounting for over 26% of the market share in 2013. High investment
in deep water and ultra-deep water reserves is proving to be a boon
for the market in Brazil. Increased exploration activities for other
unconventional sources of energy, such as CBM (Coal Bed Methane) and
shale gas, are further anticipated to drive the drilling fluids
market in Latin America.
Key players in the
drilling fluids market in Latin America include Baker Hughes
Incorporated, Newpark Resources Inc., Halliburton Company,
Schlumberger Limited, Weatherford International Limited, and Imdex
Limited (AMC Oil & Gas).
Latin American
Drilling Fluids Market: Product Segment Analysis
Water-based fluids
Oil-based fluids
Synthetic-based
fluids
Latin American
Drilling Fluids Market: Technology Analysis
Dispersed systems
Non-dispersed
systems
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Latin American
Drilling Fluids Market: Country-wise Analysis
Argentina
Brazil
Venezuela
Others (Rest of
Latin America)
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